Bali is once again in the international spotlight—not only as a world-class tourism destination, but now also as a potential future international financial hub for Indonesia.
The Indonesian government, under President Prabowo Subianto, has announced plans to establish a Special Financial Center or International Financial Center (IFC) as part of a broader strategy to attract global investment and strengthen Indonesia’s role in the international financial sector.
The plan was further reinforced by Coordinating Minister for Economic Affairs Airlangga Hartarto, who stated that Bali
Bali is being prepared as one of the strongest candidates for this development.
Where exactly will the International Financial Center be located?
According to official government statements, the proposed location is Kura Kura Bali Special Economic Zone, located on Serangan Island in South Denpasar, Bali.
This area has already been designated as a Special Economic Zone (SEZ) and is considered highly strategic due to its infrastructure readiness and long-term development potential for global business and financial services.
What is the goal of this project?
The Indonesian government expects this future financial hub to:
- attract international investors and financial institutions,
- create new employment opportunities,
- accelerate foreign direct investment,
- and strengthen Indonesia’s position in the global economy.
Officials have indicated that the concept may take inspiration from successful international financial zones such as the Dubai International Financial Centre.
Still in the planning stage
Although the plan has gained significant public attention, it is important to note that the project is still in the regulatory and development stage and has not yet become operational.
If successfully implemented, this initiative could transform Bali from a global tourism icon into a major financial gateway for Southeast Asia.
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